Huwaymidan Gold

Huwaymidan Gold Property

Following a competitive tender process under exploration licencing Round 6 by the Saudi Arabian government, the Huwaymidan Gold Project (34 km2) was awarded to the "Midad Al Mona – Tinka Consortium". The concession over the property was granted to Midad Al Mona in late July 2025.

Highlights of the Huwaymidan Gold Property:

- Huwaymidan Gold is located 300 km east of the Red Sea city of Jeddah in central Saudi Arabia, an area with excellent road access.
- The Property has historic gold workings (surface trench results up to 2.5 m @ 10 g/t Au) yet to be tested by modern exploration. There is no past drilling recorded. Much of the area is covered by shallow sand.
- The Property is located in an underexplored region of the Precambrian-age Arabian Shield prospective for orogenic gold.
- Active deposits in the region include Ar Rjum (~ 3.9 Moz Au) just 30 km from Huwaymidan, and Mansourrah-Masarah gold mines (~ 7.5 Moz Au) operated by Maaden approximately 100 km from the Property (Figure 1).

Summary of Midad Al Mona:

- The ownership of Midad Al Mona is: Kalimat Al Hikma 94% (a local Saudi company), Tinka Saudi Resources Corp. 5% (a Canadian subsidiary of Tinka Resources Limited) and Orthosa Pty. Ltd. 1% (a private Australian exploration consulting company not related to Tinka).
- Midad Al Mona is funded and capitalized by Kalimat Al Hikma to undertake the anticipated exploration programs in 2025 and 2026.
- Tinka provides exploration expertise and technical leadership to Midad Al Mona and is paid consulting fees for all services provided.
- Tinka holds a 5% carried interest for the first two years.

Location and Infrastructure

Huwaymidan Gold property covers an area of 34 km2 in the Jiddah Terrane of the Saudi Arabian Shield and is located 300 km east of Jeddah in the Jiddah Terrane (Figure 1). The property lies within an underexplored region of the Precambrian-age Arabian Shield prospective for orogenic gold.

Figure 1: Simplified Geology of Arabian Shield




Geology

The Huwaymidan Gold project is prospective for orogenic gold deposits hosted by Precambrian mafic volcanic and intrusive igneous rocks associated with shear zones. Past exploration data is limited to surface sampling for gold associated with old workings. Geochemical data from historic trenches returned results up to 2.5 m grading 10g/t gold within a zone of hydrothermal clay-silica alteration with iron oxides up to 200 metres wide and 1 km in strike length (NW-SE). A reconnaissance field trip in January 2025 confirmed this zone of alteration in trench debris (with trenches largely infilled with recent sand) with check samples grading up to 6 g/t Au.


Regionally, the Arabian Shield is composed of Proterozoic (~900–550 million year old) igneous and sedimentary rocks. Several large gold deposits are currently in operation within the Arabian Shield in Saudi Arabia and the Nubian Shield across the Red Sea in Egypt (including the world-class Sukari mine >10 Moz gold) – see Figure 1. The Huwaymidan Property lies within the Ash Shakhtaliyat belt consisting mostly of mafic volcanics and intrusive rocks. The Ar Rjum gold deposit (3.9 Moz Au) lies within the same belt 30 km to the southeast of the Property. Mansourrah-Masarah gold mines (~ 7.5 Moz Au) are located approximately 100 km to the east. Gold mineralization in these deposits is generally associated with shear zones and quartz veining hosted either in volcanic or intrusive rocks. The Jabal Sayid copper mine is a volcanogenic massive sulphide deposit approximately 150 km to the NNW of the Property.